JPMorgan released from OCC's consent order over employee-client conduct

Investing.com -- JPMorgan Chase & Co. has been released from a two-year enforcement action imposed by US regulators over failures to properly monitor employee and client conduct.

The Office of the Comptroller of the Currency announced Thursday it terminated a consent order that was imposed in March 2024. The termination was dated March 30, though the agency did not provide details on the reason for ending the order.

The OCC had previously determined that JPMorgan's trade-surveillance program contained flaws dating back to at least 2019, which the regulator classified as unsafe or unsound banking practices. Multiple regulators, including the Federal Reserve, had directed the bank to implement corrective measures.

JPMorgan agreed to the original consent order without admitting or denying the OCC's findings. The bank is the largest in the United States by assets.

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